WTF?

WTF is Proof of Stake?

In my last article I talked about proof of work, the most well known consensus mechanism used in the Bitcoin blockchain, as well as many others. You’re probably rolling your eyes at ANOTHER jargon acronym, but don’t worry, proof of […]

WTF?

WTF is Proof of Work?

‘Proof of work’ is one of the terms used to describe the process miners use to build a blockchain. Remember there are different building blocks in any blockchain? The process of adding each block into the chain can happen in […]

WTF?

WTF is an ICO?

What’s more of a bubble than Bitcoin? The phenomenon of the initial coin offering, or ‘ICO’, may qualify as THE bubble of the year. ICOs emerged as a major thing during 2017; in total they have raised over $3.6bn. The […]

WTF?

WTF is Ethereum?

Ethereum is the second best known blockchain after Bitcoin. So if you haven’t heard of it, it’s a pretty big deal. Ethereum was developed by a global group of programmers including Vitalik Buterin and Dr Gavin Wood, and it first […]

WTF?

WTF is Bitcoin?

This goes out to all the people who keep asking me if they should buy some bitcoin. Do you know what bitcoin is? It’s my aim to answer all your burning questions on bitcoin before you go and pour all […]

WTF?

Part II: Mining and the Chain

Let’s delve further into the workings of blockchain. We learnt about blocks last time – but what about the chain? The hashing concept is still all-important for the way blocks get added to the chain and then spread (‘distributed’) around […]

WTF?

Blockchain: How does it work? Part I

So you’ve read some stuff about blockchain (maybe even my last article), you’ve had a few conversations about it… But still don’t really get it? What you really want to know is… How does blockchain work? Blockchain technology consists of […]

WTF?

WTF is Blockchain?

Heard about this blockchain thing? Most likely you have, in bits and pieces from the internet/colleagues/your Uber driver last Saturday (when no one was in any state to be talking complicated tech). If you’re wondering what blockchain is all about […]